Pool Equipment Market Witness Highest Growth at a CAGR of 7.12% by 2030
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08 Oct 2024 03:50:43 pm.
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Pool Equipment Market Growth Insights with Opportunities, Trends, Drivers, and Challenges for 2024-2030
According to the most recent analysis, The Global Pool Equipment Market size was valued at USD 19.78 billion in 2023 & is estimated to reach around USD 31.14 billion by 2030. Along with this, the market is expected to grow at a CAGR of around 7.12% during the forecast period, i.e., 2024-30. The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources. The Pool Equipment Market offers an overall analysis of the market size and development trends over the next five years (2024-2030) using both quantitative and qualitative methods.
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Market Report Scope:
Base year of the Analysis: 2023
Historic Period: 2019
Forecast Period: 2024-2030
Report Delivery Format: PDF, Excel, and PowerPoint formats, within 24 hours of the payment being successfully received
Global Pool Equipment Market Driver:
Increasing Establishment of Hotels & Resorts Globally – The tourism industry across the globe is witnessing substantial growth owing to rising consumer expenditure. As per the statistics by the World Tourism Organization, in 2023, more than 1,300 million international tourists traveled to different countries, like the UAE, France, Spain, etc. This, surge in international tourist arrival is accentuating the requirement for accommodation facilities. As a result, top companies, like ITC Grand, Radisson Blu, etc., are expanding their hotels & resorts. In 2024, JW Marriott announced the addition of more than 10 new hotels and properties, especially with luxury amenities, such as exquisite food, various room services, spa as well as swimming pools.
Moreover, travelers nowadays book hotels based on the availability of pools & hot tubs. According to the survey conducted by Vivo Aquatics, more than 75% of the users prioritize the presence of pools while booking the hotels. Thus, the hotel groups are ensuring that their new properties have both private as well as common pool availability. This, in turn, is accentuating the demand for equipment such as pumps, filters & heaters, supporting the overall market growth.
Pool Equipment Market - Competitive and Segmentation Analysis:
The market is divided into key segments based on various categories. Analyzing the growth within these segments will highlight areas of limited growth in the industry and provide valuable insights and an overview to assist users in making informed strategic decisions for identifying core market opportunities.
By Component
-Equipment
--Pumps
--Cleaners
--Filters
--Heaters
--Chlorinators
--Pool Lights
--Heat Pumps-
--Sanitization
--Automation
--Others
-Chemicals
-Maintenance/Services
By End User
-Residential
-Commercial
By Pool Type
-In-Ground
-Above Ground
- In-Ground held a prominent market share as compared to above-ground pools in the Global Pool Equipment Market owing to the long-lasting durability of the pools.
By Application
-Food
--Dairy Foods
--Meat & Seafood
--Processed Foods
--Fruits & Vegetables
--Others (Baby Food, Broths, etc.)
-Beverages
--Ready-to-Drink Beverages
--Milk
--Others (Juices, Alcoholic Drinks, etc.)
- the beverage segment accounts for a considerable share of the market due to the rising usage of beverages in the aseptically packed container.
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Who Are the Leaders in the Pool Equipment Market?
The competitive landscape of the market offers insights into various competitors, including company overviews, financial performance, revenue generation, market potential, and investment in research and development. It also highlights new market initiatives, production sites and facilities, production capacities, as well as the strengths and weaknesses of each company. Additionally, the analysis covers product launches, product range, and application dominance. These data points specifically focus on the companies' strategies and positioning within the market.
Fluidra SA, Pentair Plc., WaterCo Ltd, Pool Corporation, Maytronics Ltd, Aqua Products Inc., Hayward Industries Inc., Zodiac Pool Systems Inc., Chemoform AG, Desjoyaux S.A., Emaux Water Technology Co. Ltd., FIJA Group, Guangdong Laswim Pool & Spa Equipment Co., Intex Recreation Corp., Neptune Swimming Pools, NextPool Group, Pleatco LLC, Others
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